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Refer-A-Friend Program Terms and Conditions

You can earn a statement credit of $50.00 (“Referral Credit”) for each friend you refer using this Refer-A-Friend offer, who is approved for the specific card for which you refer them. If approved through this offer, your friend will earn a statement credit of $50.00 too.

To earn a Referral Credit, any individual you refer must reside in the United States or one of its territories, must not currently have the specific card for which you refer them, and must initiate their application using your unique referral URL. Referral Credits will be posted to your Account as a statement credit within 5 business days after each referred individual is approved for a card through your referral URL. You are limited to a maximum of 10 successful referrals in any 12-month period. If the referred individual is approved, their $50.00 statement credit will be posted to their Account within 5 business days after the first purchase or cash advance.

By participating in this offer, you agree to refer only your personal friends, family, and known acquaintances. You may send your referral URL to your friends via text message or social media. By sending the URL via text message, you are representing that you have consent to send text messages to each recipient. No other method for transmitting or sharing your referral URL is permitted. Any statements you make regarding the card for which you are referring friends, and this offer, must be truthful and not misleading, and must include that you may receive a Referral Credit for successful referrals.

Due to the confidential nature of the credit approval process, we cannot disclose which, if any, of your friends has applied, nor can we notify you whether we approve or decline any referred applications.

Your participation in this offer may result in the receipt of taxable income from Sallie Mae and we may be required to send to you, and file with the IRS, a Form 1099-MISC (miscellaneous income). You are responsible for any tax liability, including disclosure requirements, related to participating in this program. Please consult your tax advisor if you have any questions about your personal tax situation.

The Terms and Conditions for the Rewards Program corresponding to your Account apply. To be eligible for this offer, your Account must be open and current when you refer friends, qualify for a Referral Credit, and when the Referral Credit would post to your Account. We may in our sole discretion cancel, change, amend, modify, or restrict the Refer-A-Friend Program, or any aspect or features of it, at any time, without prior notice, for any reason or no reason. All interpretations of the Refer-A-Friend Program Terms and Conditions will be determined by us in our sole discretion.